Sanghvi Movers' Stock Price Declines by -10.06% on August 7th, Underperforming Sector

Sanghvi Movers, a smallcap engineering company, has seen a decline in its stock price by -10.06% on August 7th, 2024. The stock has been underperforming the sector by -4.35% and has been on a downward trend for the past four days, with a total loss of -16.12% during this period.

Despite opening with a gain of 5.48% today, the stock has been highly volatile with an intraday volatility of 5.1%. It touched an intraday high of Rs 1079 and a low of Rs 984.1. Sanghvi Movers is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Hold' call. This means that investors should hold onto their current positions and not make any new investments in the stock.

In comparison to the overall market performance, Sanghvi Movers has seen a decline of -10.75% in the past day, while the Sensex has seen a positive growth of 0.98%. In the past month, the stock has seen a decline of -18.60%, while the Sensex has seen a slight decline of -0.79%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is recommended to do your own research and consult with a financial advisor before making any investment decisions.